More California REALTORS® expect COVID-19 to impact housing market,
C.A.R. flash survey finds
LOS ANGELES (March 19) – As the coronavirus pandemic continues to worsen, a growing number of California REALTORS® this week expect the pandemic to negatively impact their business, primarily with open house traffic, where 85 percent expect a negative impact in that area of their business, according to a flash poll conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
(Note: the survey was conducted March 14-16, prior to the "shelter in place" and the closing of non-essential businesses announcement in six Bay Area counties and Sonoma County and before Los Angeles' mayor issued temporary restrictions to slow the spread of the coronavirus.)
Highlights of the poll:
The survey was conducted March 14-16 via email, asking members how the coronavirus outbreak was affecting their business. Nearly 1,100 responses were received.
Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS®(www.car.org) is one of the largest state trade organizations in the United States with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.